Amalgamated Bank Provides $14 Million Refinance Loan For Student Housing In Berkeley

The asset involved in this transaction is a student housing property located at 2715 Dwight Way in Berkeley. The property features 109 beds and is adjacent to the University of California, Berkeley campus. A refinancing loan amount of $14,000,000 was arranged for this property.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $14,000,000
• Lender: Amalgamated Bank
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate, nonrecourse
• Brokers: Tom Dao, Alex Poulos & Toby Judge - Gantry

The refinancing loan was structured with interest-only terms and a long amortization, ensuring financial stability for a privately held student housing investment. Gantry played a crucial role in arranging this permanent financing for the deal.